Effective business communication refers to the interaction between employees and management aimed at achieving organizational objectives. What is the difference and overlap between internal and external communications, and why are they so important?
Category: Management
What SMEs need for growth and the cost of passivity
When SMEs are contemplating growth and facing challenges, it’s important for them to consider the potential cost of inaction. While hiring an expert may involve an initial investment, the consequences of doing nothing can often be more significant and detrimental to the company in the long run. In this article, we delve into the importance of recognizing the hidden price of inaction and how seeking external help can pave the way for sustainable growth and success.
The price of inaction: Hidden costs of doing nothing
People have a natural inclination to say no or postpone things. In our quest for comfort and familiarity, it’s natural to gravitate towards saying no and maintaining the status quo. However, while it may feel easier and safer, this inclination can be a double-edged sword, hindering progress and stifling growth. In this article, we examine and the potential pitfalls of choosing to do nothing and answers to why are we so eager to say no.
Dispelling employer branding myths
Amidst the buzz surrounding employer branding, it’s crucial to debunk the myths that undermine its true value. Beyond superficial perks, employer branding plays a vital role in attracting and retaining top talent, creating a unique organizational identity, and gaining a competitive edge in the talent market.
Why is it wise to periodically do an in-depth analysis of the company?
The coming year will be difficult for all entrepreneurs, but it will be most difficult for those who have not prepared for it in advance. When times are good, management doesn’t care too much about costs, but over time inefficiencies accumulate. The only real way to deal with inefficiencies is to analyze the whole company in depth.
How to solve the problem with the lack of quality workforce: Employer branding for the industry
One possible solution to the problem of the lack of quality workforce in the industry is to invest in employer branding. By defining your Employee Value Proposition, creating a strong employer brand message, and investing in employee development, you can attract and retain top talent. But how can you ensure that your employer branding efforts align with your overall business strategy?
The importance of project planning
As we have seen in the past, project planning is crucial for project success. It helps to identify and manage risks, allocate resources effectively, and ensure that project objectives are met. Have you ensured that your current or upcoming project has a proper project plan in place?
Mergers and acquisitions: The pros and cons of growing through acquisition
Mergers and acquisitions (M&A) have become a popular business strategy in today’s global marketplace. While M&A can provide numerous benefits such as increased market share, diversification, improved efficiency, and synergy, there are also potential downsides to growing through acquisition. Let’s dive deeper into that.
Internal challenges of producers in Southeast Europe: Part II
There are many challenges in business, but here we will focus on the topic of internal problems in manufacturing companies from the perspective of the owner. When small but promising manufacturers reach a size of 15-30 employees, a lot of problems start to become more visible and harder to ignore. They come to the realization that if they want to take it a step further, external intervention is needed.
Internal challenges of producers in Southeast Europe: Part I
What do local smaller manufacturing companies look like and what problems do they face? Many owners have gone through a difficult journey to reach a certain level of production and number of customers. They are now at a turning point, which can be followed by further growth, stabilization or decline.